Silver forecast
Silver ( xagusd ) price trading at 19.94$ . Yesterday it crashed after giving rise till 20.28$ . Today silver has a good resistance on chart at 20.15$ . If traders break this major level and manage to sustain trade above our resistance today . Then expect this major commodity to test upto 20.45$ – 20.70$ today .
A good support on intraday silver chart stands at 19.70$ . If traders break this major support and manage to sustain trade beneath our level today . Then expect more pain in this major commodity upto 19.50$ – 19.30$ today .
Silver forecast conclusion : Xagusd trend is flat to weak for now .
Gold forecast
Gold ( Xauusd ) price trading at 1339$ . Yesterday it tested 1353$ and cracked back . We cashed this small run as our buy signal initiated at 1345$ for target of 1351$ . Today intraday gold chart has a hurdle at 1351$ . If traders break this major level and manage to sustain trade above our hurdle today . Then expect this precious metal to test upto 1361$ – 1370$ today .
A good base level on intraday gold chart stands at 1327$ . If traders break this major base and manage to sustain trade beneath our support today . Then expect this precious metal to test upto 1318$ – 1309$ today .
Gold forecast conclusion : Xauusd trend is flat to weak for now .
More will update to our trading signal subscribers .